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PPF Group N.V. reports its audited consolidated financial results for the six months ended 30 June 2020 under IFRS

PPF Group

3/11/2020 | 1 minute to read

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At the end of the first half of 2020, PPF Group’s total assets stood at EUR 44 billion, after posting a net loss of EUR 384 million for the first six months 2020.

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The resilience of PPF’s industry and geographical spread is substantiated by a profitable second half in 2020. The Group is well placed to seize opportunities during the post-covid economic recovery.

PPF Group recorded a net profit of EUR 93 million in the second half of 2020. According to the consolidated and audited results PPF reduced its full-year net loss to EUR 291 million from EUR 384 million as at 30 June 2020.

Press releases

At the end of the first half of 2020, PPF Group’s total assets stood at EUR 44 billion, after posting a net loss of EUR 384 million for the first six months 2020.

Key performance indicators:

  • As at the end of the first half of 2020, PPF Group’s assets stood at EUR 44 billion, (EUR 49 billion as at 31 December 2019).
  • As at 30 June 2020, equity attributable to shareholders amounted to EUR 8.2 billion (EUR 8.8 billion as at 31 December 2019).
  • Net loss for the first half of 2020 reached EUR 384 million (net profit for the first half of 2019 amounted to EUR 573 million).